What Makes Flood Policy Worth It

As warm weather approaches, it’s exciting to think about all the newness Spring can bring! New grass, leaves, wardrobe, sports, and even sunshine! What other newness can Spring come with? Flooding. With the snow and ice banks disappearing, there is the potential that your home could fall victim to a flood. Let’s dive into some facts about flood insurance for the upcoming season.

Pretty much every home is vulnerable when it comes to flooding. Not just homes in “high-risk” areas. Statistically, 25% of flood claims come from “low-risk” areas. With that said, nearly all home policies exclude flood damage from their coverage and you’d need a separate flood policy. Good news, we can help you with that! Just remember there is a 30 day waiting period on new flood policies.

What makes a flood policy worth it? What’s even covered? A flood policy can cover the following: the building PLUS it’s foundation, equipment that services the building (central air, furnace, water heater), permanently installed carpet as long as it isn’t in the basement, appliances (refrigerator, dishwasher, stove), Additional appliances can be covered as well with your contents coverage (washers & dryers, food freezer and contents).